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The Canadian Consumer Finance Association (CCFA) represents the majority of Canada’s regulated providers of small-sum, short-term credit, including payday loans, installment loans, term loans, lines of credit, and cheque cashing services. CCFA member companies operate a total of 870 licensed stores and online businesses across the country.

CCFA works with federal, provincial and municipal governments to achieve regulations that balance consumer protection with maintaining access to safe credit to millions of Canadians who need it.

Our members – licensed payday lenders across Canada – are concerned about the proliferation of online lenders who follow no regulations and put vulnerable Canadians at risk of real financial and privacy violations. As the pool of licensed payday lenders shrinks due to over-regulation, more criminal lenders come online.

Trying to cut down a legal industry, serving a growing number of Canadians in need, doesn’t make sense, especially when nolegitimate or safe alternatives are available.